Globalization

The new version of globalization sees the trans- and multinational companies being the major players guided by the policies and treaties of the oversight international organizations and supported by technology. Given that the focus continues to be cross border trade, integration and investment, in the absence of any communal decision making process with defined criteria, it has been clear that globalization continues to be challenged with respect to ethical decision making for sustainable development.
This paper summarizes the role and function of the major globalization oversight organizations and touches on the extent of the power that they wield. It briefly discusses the advantages and disadvantages of globalization and attempts to identify the goals of globalization and given these goals and the identification of the stakeholders and subsequently to evaluate whether or not it is a driver or barrier to ethical decision making and sustainable development.

‘Ethics is more than the right thing to do: it's the smart thing to do.’
Global Institute of Ethics

1.0 Introduction

It appears to be no easy feat to get a precise definition for Globalization. The definition can range from that of Nobel prize-winning economist Joseph Stiglitz who defined it as “the closer integration of the countries and peoples of the world which has been brought about by the enormous reduction of costs of transportation and communication, and the breaking down of artificial barriers to the flows of goods, services, capital, knowledge, and (to a lesser extent) people across borders,” or one that focuses on the construction of a vast global economy through the, ‘interaction and integration among the people, companies and governments of different nations in a process driven by international trade and investment and aided by…...

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...Introduction
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...Running Head: Globalization
Student’s Name:
Course Code:
Instructor’s Name:
Date:
Globalization: Outline
I. Introduction
A. An overview of globalization
II. Discussion
A. Discussion on the positive and negative effects of globalization
III. Conclusion
A. This part of the report will cover a summary of the findings
Introduction
Globalization is an increasing unity of various world economies brought about by the breaking or elimination of barriers to international trade. The barriers include tariffs, export fees and import quotas. Its aim is to raise goods, services and material wealth from a global division of labor (Robertson, 1992). Globalization is a process, driven by a combination of factors including financial, technical, sociocultural, political, and biological. The term may also refer to transitional circulation of ideas, languages, or popular culture (Waters, 2001). The history of globalization is debatable. Some people perceive it to be from the ancient times dating back to occasions like Ottoman Empire spice trade routes in 1453 spurring exploration of different lands. Others situate the origins to the modern era, citing examples like the ending of the First and Second World War in the mid-20th century which was necessitated by the need to break down borders and foster peace (Osterhammel & Petersson, 2005).
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...DEFINITION;-
Globalization is defined as increasing process of interdependence and interconnected between different political, social and economic components of the World. It is the way in which World is seen as global village.
HISTORY OF GLOBALIZATION;-
During the 19th century, globalization approached its modern form as a direct result of the industrial revolution. Industrialization allowed standardized production of household items using economies of scale while rapid population growth created sustained demand for commodities. In the 19th century, steamships reduced the cost of international transport significantly and railroads made inland transport cheaper. The transport revolution occurred sometime between 1820 and 1850. More nations embraced international trade.
TYPES & ASPECTS OG GLOBALIZATION;-
These are some types and aspects of globalization.
ECONOMIC GLOBALIZATION;-
Economic globalization is the increasing economic interdependence of national economies across the world through a rapid increase in cross-border movement of goods, service, technology and capital. Whereas the globalization of business is centered round the diminution of international trade regulations as well as tariffs, taxes, and other impediments that suppresses global trade, economic globalization is the process of increasing economic integration between countries, leading to the emergence of a global marketplace or a single world market. Depending on the paradigm, economic......

...1 TOPIC
it means, globalization is going to happen. The world is going to get more connected, and thus increases communication, transportation and technologies. Arguing against it seems pointless, we all can't go back to being isolationists.
The term ‘Globalization' has become skewed from its original meaning. In essence, it means the increasingly global scope of everything from travel to trade. In describing this globalizing trend, former UN Secretary General Kofi Annan states that, "Arguing against globalization is like arguing against the laws of gravity." Annan is claiming that the power to globalize, whether for humanitarian or corporate reasons, is such that no one and nothing can resist the urge to grow and learn. He is, in fact, describing universal and human nature.
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...What exactly is globalization? Simply put,
Globalization means the integration of national economies into the international economy through trade, foreign direct investment, capital flows, migration, and the spread of technology.
Globalization has largely been made possible by advances in technology, particularly the Internet. As the world grows more connected, people in all nations achieve a far greater level of interdependence in activities such as trade, communications, travel, and political policy.
It’s easy to assume that globalization is an entirely modern phenomenon driven by inventions like the telegraph or the Internet. In many ways, globalization has been taking place for centuries.
From the Silk Road, which spanned from Europe all the way to East Asia, to the invention of steamships and railroads, humans have engaged in cultural exchange and international trade for centuries.
In the 20th century, this international exchange and trade was made far easier by the invention of airlines and road vehicles. What was once a slow process, became a far simpler one in a very short period of time. In the late 20th century, the invention of digital communications tools like the Internet made modern globalization a reality.
While globalization covers a wide range of topics, ranging from cultural values and information to economics and international trade, most modern discussion of the pros and cons of globalization is focused on economics and culture.
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